Understanding CS questions:
Professional Program (New Syllabus) offers five elective subjects in Module II, as mentioned herein below, out of which a student has to opt for only one subject to study and qualify that suits his aptitude, interest, ability and carer goal :
1. Banking Law and Practice
2. Capital, Commodity and Money Market
3. Insurance Law and Practice
4. Intellectual Property Rights-Law and Practice
5. International Business -Laws and Practices.
Understanding CS questions :
The Institute introduced Open Book Examination (OBE) in all the above five elective subjects from June 2014 onwards. However, in all other subjects/modules of Professional Program (New Syllabus), students would continue to be examined as per traditional pattern of examinations.
This is to inculcate and develop skills of creative thinking, problem solving and decision making among students of its Professional Program and to asses their analytic ability, real understanding of acts and concepts and mastery to apply, rather than to simply recall replicate and reproduce concepts and principles in the examination. In OBE, the candidates would be allowed to consult their study material, class notes,
textbooks, Bare Acts and other relevant papers, while attempting answers, as per the requirement of questions. The emphasis throughout would be in assessing the students’ understanding of the subject, applying their minds, rather than the ability to memorize large texts or rules or law.
Unlike a conventional/typical examination, which assesses how much information candidates have been able to store in their minds, the success in this type of examination depends on the candidate’s ability to understand the question, identify inherent issues, application of various
techniques, laws, principles, etc. while solving answers with the help of supporting reference material. Broad pattern of Question Paper for OBE would be as follows :
Understanding CS questions,Each question paper would contain Six questions carrying 10 marks Question No.1 will be of 50 marks based on case study ranging between 180-200 words.
Question No.2 will be of 30 marks based on study of regulatory framework related to the subject. Question No.3-6 will be of 5 marks each covering important optics of the syllabus. Candidates are not allowed to consult their fellow examines or exchange their study material/notes, etc. with each other in the examination hall. Candidates are prohibited to bring in any electronic devices, such as laptop, tab, I pad,
palmtop, mobile phone, or any other electronic device/ gadget at the examination hal/rom.However, they are permited to use their own batery operated noiseless and cordless pocket calculator with not more than six functions, twelve digits and two memories. Model question paper(s) of OBE examination are available on the Institutes website for reference of candidates. The Institute for the first time conducted Open book Examination (OBE) for the above mentioned five Elective Subjects of the Professional Program (New Syllabus) in June 2014. As per the reports received the students by and large were comfortable with the Open book Examination.
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